Mar 17, 2025
Determine how much you can afford based on your income, savings, and financial goals. Factor in property costs, registration fees, taxes, and maintenance expenses.
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A good credit score improves loan eligibility and helps secure better interest rates. Ensure your credit history is in order before applying for a home loan.
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Compare home loan offers from different banks and NBFCs, considering interest rates, tenure, processing fees, and eligibility requirements.
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Select a location based on factors like proximity to work, amenities, infrastructure, safety, and future development potential.
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Research the reputation and past projects of the builder to avoid legal or construction issues in the future.
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Check the legal status of the property, including title deeds, land approvals, RERA registration, and any existing liabilities.
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Engage in price negotiations with the seller or developer to secure the best possible deal. Consider additional costs like parking, maintenance, and GST.
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Once satisfied with the deal, pay the booking amount to lock in the property, ensuring you receive a sale agreement.
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Get your home loan sanctioned, register the property with the local authorities, and pay applicable stamp duty and registration fees.
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Source: canva
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